Strongest Singapore Stocks in FTSE Value-Stocks Index over Last 3 Months
OREANDA-NEWS. As discussed in the Market Update - Singapore Stocks Maintain Highest Yields in FTSE Value-Stocks ASEAN Index, there are 12 Singapore stocks within the 50 constituents of the FTSE Value-Stocks ASEAN Index. Since this Market Update was published in mid June, eight of the 12 Index Value stocks have added to their year to date returns.
The five stocks among the 12 constituents that have gained the most since mid-June were Mapletree Logistics Trust, Mapletree Industrial Trust, Venture Corp, United Overseas Bank and Singtel. These five stocks have averaged an 8.1% total return over the three month period taking their average year to date gain to 12.2%. The 12 stocks averaged a 2.6% total return over the three month period which took their average year to date return to 1.9%. the total returns of the 12 stocks since 14 June are illustrated below.
In Singapore dollar terms, the FTSE Value-Stocks ASEAN Index generated a 7.8% total return over the three month period, which took its year to date gain to 7.1%.
Constituents of the FTSE Value-Stocks ASEAN Index must pass a proprietary value screening process which use P/E ratios, dividend yields, return on equity, operating profit margin, net gearing and a unique contrarian factor. The stated objective of the FTSE Value-Stocks ASEAN Index is to identify quality and overlooked value stocks listed in ASEAN exchanges. As there are a maximum of 50 stocks in the index, the largest capitalised stocks that meet the criteria will be chosen.
The 12 constituent stocks of the FTSE Value-Stocks ASEAN Index that have a primary listing on SGX are tabled below. Click on each stock name to see the full profile in SGX StockFacts.